SocGen raises 2014 gold price forecast

Published Date: 
Thursday, June 5, 2014

Societe Generale raised its 2014 price forecast for gold on Wednesday, citing support from the Crimean crisis as the key factor. The bank raised its forecast for gold to US$1,272 per ounce from an earlier forecast of US$1,180. 

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In 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed U.S. citizens from hoarding gold.

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